Word: repay
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...loan forgiveness program, which was announced by Allison as part of a broader series of public service initiatives, is designed to insure that Kennedy School alumni with incomes less than $30,000 a year will not have to spend more than 10 percent of their income to repay educational debts...
...students--totalling $5.6 billion--is going unpaid. By the end of the decade, annual government payments on defaulted loans will increase 10 times, from $209 million in 1978 to $2 billion. Bennett is right on the money in calling for a crackdown on students who borrow and don't repay...
...schools themselves--have more money. Elite schools, for instance, can afford to set up special bureaucracies to deal with student loan-takers. Bennett's solution most hurts the weakest link in American higher education, and puts too little pressure on students at well-endowed schools whose failure to repay their debts is particularly offensive...
...soaring numbers of students who fail to repay their loans has shocked congressmen and sent Administration and college officials running to find a solution. The government's annual payment on defaulted loans will jump 10-fold from $209 million in 1978 to $2 billion by the end of the decade...
Under the Bennett plan, schools at which more than 20 percent of those students with GSLs fail to repay their debts will lose access to all federal financial aid programs, including Pell grants and College Work-Study. The plan, which does not need Congressional approval, will impose its first cuts in 1989, the Secretary said...